Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Survey: 14% of American adults own cryptocurrencies, 64% of investors believe they are extremely risky
6days ago

A Gallup poll found that only 14% of U.S. adults own cryptocurrency, with 60% of respondents expressing no interest in purchasing one and only 4% planning to buy one in the near future.

Additionally, 55% of U.S. investors who hold more than $10,000 in stocks, bonds, or mutual funds consider the asset class "very risky." Even among those who claim to understand crypto, most still consider it a risky investment. Among U.S. investors, 64% consider the asset class "extremely risky," up from 60% in 2021. Additionally, about one in seven Americans own cryptocurrencies, while nearly six in 10 own stocks or real estate. Only 4% of adults consider cryptocurrencies to be the best long-term investment.

While a quarter of men aged 18 to 49 own cryptocurrency, ownership rates drop sharply among women and older adults, the survey shows. College graduates and high-income people are above average in participation, but older adults and low-income households remain largely absent from the space. Knowledge gaps also persist. Nearly all respondents have heard of cryptocurrency, but only 35% say they really understand how it works. Familiarity is highest among younger men and wealthy people. (CoinDesk)